Maple Leaf Foods (MFI) Shares Up 5.7%

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Maple Leaf Foods Inc (TSE:MFI)’s share price shot up 5.7% on Friday . The company traded as high as C$35.60 and last traded at C$35.24. 174,125 shares changed hands during trading, an increase of 2% from the average session volume of 170,187 shares. The stock had previously closed at C$33.33.

Separately, TD Securities upgraded shares of Maple Leaf Foods from a “buy” rating to an “action list buy” rating and set a C$39.00 target price on the stock in a report on Tuesday, March 19th.

The firm has a market cap of $3.92 billion and a P/E ratio of 42.19. The company has a debt-to-equity ratio of 21.29, a quick ratio of 0.51 and a current ratio of 1.51.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.29 EPS for the quarter. The company had revenue of C$893.94 million during the quarter. As a group, equities research analysts expect that Maple Leaf Foods Inc will post 1.65999992761471 EPS for the current fiscal year.

In other Maple Leaf Foods news, Senior Officer Glen Lucien Gratton sold 4,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$27.04, for a total value of C$108,159.20. Following the transaction, the insider now directly owns 10,767 shares in the company, valued at C$291,137.53.

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Maple Leaf Foods Company Profile (TSE:MFI)

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including offers prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, turkey, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, and Lightlife.

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